Solve the Problem

question 57

Multiple Choice

Solve the problem. Solve the problem. -The monthly payments on a $68,000 loan at 7% interest for 30 years is $452.20. How much of the first monthly payment will go toward interest? A) $396.67 B) $31.65 C) $476.00 D) $420.55
-The monthly payments on a $68,000 loan at 7% interest for 30 years is $452.20. How much of the first monthly payment will go toward interest?

Definitions:

Damages

Damages are a monetary sum awarded to a party in a lawsuit as compensation for injury or loss suffered due to the action or inaction of another.

Battery

A tortious act involving unlawful and nonconsensual contact with another person, resulting in harm or offense.

Tort of Intrusion

A legal wrong that occurs when someone intentionally intrudes upon the solitude or private affairs of another without permission, causing harm or distress.

Eavesdrops

The act of secretly listening to the private conversation of others without their consent.